The electricity-linked token's value on July 25 does not measure net inflows or establish which network leads the tokenized commodity market.
Brevan Howard expands its Ripple Prime relationship, adding multi-asset brokerage, clearing and financing for managed hedge funds.
The $35 billion investment manager, which joined Ripple's $500 million raise last year, will use the crypto firm's prime brokerage unit across asset classes.
The token has reclaimed its 100-day and 200-day moving averages, while buyers defend short-term support near $1.45.
Eligible institutional participants can use XRP for share orders, while Coinbase Custody remains the fund's primary custodian and Anchorage Digital Bank is added as an additional custodian.
XRP is consolidating around $1.50 after a strong rebound from the $1.00 area. The broader structure has improved considerably, but the latest price action suggests that buyers are struggling to push through the overhead resistance zone.
Veteran crypto charterer breaks down the key implications behind an incoming ‘altseason' for selected cryptos.
XRP continues to gain momentum across both its spot and futures markets as trading activity across both markets is also on the rise.
XRP futures trading increased in September, a new analysis shows, suggesting sustained interest despite a retreat from earlier records. The rebound reflects greater turnover in price-linked contracts, rather than proof of fresh investment or bullish positioning.
Ripple Prime will provide prime brokerage, clearing and financing services to funds managed by the $35 billion alternative investment manager.
The exchange is increasingly aiming to position itself as a global financial tech platform spanning crypto, payments and tokenized assets, following an investment and joint venture with NYSE parent ICE.
Ripple Prime will provide prime brokerage, clearing and financing to Brevan Howard, deepening a tie that began with its Ripple investment.